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Doing one doesn't prevent from doing the other. I'm also in the minority but my view on this has changed a lot in the past few years. I don't understand why t

by dudul 8y ago

Doing one doesn't prevent from doing the other. I'm also in the minority but my view on this has changed a lot in the past few years. I don't understand why there isn't a "maximum income" regulation actually. If you make $20M/year, do you really need more?

LinuxBender 8y ago
Why should someone be punished for making more money? I see this as a big hammer that could hurt innovation.
- dudul 8y ago
  When somebody makes $20M/year, do they really do it for the money at this point? Is it really what keeps them going? If so, I would argue that these people are mentally ill. Do we have any study or proof demonstrating that if we applied a 100% tax rate above $20M/year people would just stop working? And I don't see that as a punishment. The money not spend on crazy CEO incomes can be used to pay other workers better, or invest in innovation since that's what you brought up.
  - RhysU 8y ago
    > Do we have any study or proof demonstrating that if we applied a 100% tax rate above $20M/year people would just stop working? I would likely stop working. Pay me $20M + $1 and let's check...
- millstone 8y ago
  On the contrary. Without the lure of an 8 figure income, a person might choose to go into research science, engineering, medicine, teaching, etc. instead of becoming a hedge fund manager.
- tivert 8y ago
  > Why should someone be punished for making more money? Taxes are not a punishment, though they may be a disincentive. Taxes are also not a payment in exchange for services.
  - grimjack00 8y ago
    Taxes may not be meant to be a punishment, but they are certainly presented as such in certain cases. "Those one-percenters make too much; make them pay their fair share!" "Smoking is bad; raise taxes on tobacco products"
    - tivert 8y ago
      > Taxes may not be meant to be a punishment, but they are certainly presented as such in certain cases. > "Those one-percenters make too much; make them pay their fair share!" "Smoking is bad; raise taxes on tobacco products" That first pseudoquote is not presenting taxes as a punishment. It's presenting them as a fulfillment of social responsibility to "pay a fair share." The second one is presenting them as a disincentive for a harmful behavior.

by dudul 8y ago

LinuxBender 8y ago

Why should someone be punished for making more money? I see this as a big hammer that could hurt innovation.

dudul 8y ago
When somebody makes $20M/year, do they really do it for the money at this point? Is it really what keeps them going? If so, I would argue that these people are mentally ill. Do we have any study or proof demonstrating that if we applied a 100% tax rate above $20M/year people would just stop working? And I don't see that as a punishment. The money not spend on crazy CEO incomes can be used to pay other workers better, or invest in innovation since that's what you brought up.
- RhysU 8y ago
  > Do we have any study or proof demonstrating that if we applied a 100% tax rate above $20M/year people would just stop working? I would likely stop working. Pay me $20M + $1 and let's check...
millstone 8y ago
On the contrary. Without the lure of an 8 figure income, a person might choose to go into research science, engineering, medicine, teaching, etc. instead of becoming a hedge fund manager.
tivert 8y ago
> Why should someone be punished for making more money? Taxes are not a punishment, though they may be a disincentive. Taxes are also not a payment in exchange for services.
- grimjack00 8y ago
  Taxes may not be meant to be a punishment, but they are certainly presented as such in certain cases. "Those one-percenters make too much; make them pay their fair share!" "Smoking is bad; raise taxes on tobacco products"
  - tivert 8y ago
    > Taxes may not be meant to be a punishment, but they are certainly presented as such in certain cases. > "Those one-percenters make too much; make them pay their fair share!" "Smoking is bad; raise taxes on tobacco products" That first pseudoquote is not presenting taxes as a punishment. It's presenting them as a fulfillment of social responsibility to "pay a fair share." The second one is presenting them as a disincentive for a harmful behavior.